Cooter and Rappoport on the Normative

Economics and Philosophy 6 (1):139-146 (1990)
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Abstract

In a recent examination of the origins of ordinal utility theory in neoclassical economics, Robert D. Cooter and Peter Rappoport argue that the ordinalist revolution of the 1930s, after which most economists abandoned interpersonal utility comparisons as normative and unscientific, constituted neither unambiguous progress in economic science nor the abandonment of normative theorizing, as many economists and historians of economic thought have generally believed. Rather, the widespread acceptance of ordinalism, with its focus on Pareto optimality, simply represented the emergence of a new neoclassical research agenda that, on the one hand, defined economics differently than had the material welfare theorists of the cardinal utility school and, on the other, adopted a positivist methodology in contrast to the less restrictive empiricism of the cardinalists.

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John Davis
Gordon-Conwell Theological Seminary

Citations of this work

Mark Blaug on the Normativity of Welfare Economics.D. Wade Hands - 2013 - Erasmus Journal for Philosophy and Economics 6 (3):1-25.

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References found in this work

Language, Truth and Logic.Alfred Jules Ayer - 1936 - London: V. Gollancz.
Language, Truth, and Logic.A. J. Ayer - 1936 - Philosophy 23 (85):173-176.
Ethics and Language.Charles L. Stevenson - 1945 - American Mathematical Society.
Language, Truth and Logic. 2nd edition.A. J. Ayer - 1952 - Revue Philosophique de la France Et de l'Etranger 142:256-256.

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